EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2017

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2017		2016		2017		2016
	(in thousands, except share and per share data)
Basic
Numerator:
Net income	$	14,788	$	12,940	$	23,158	$	17,068
Effect of unvested restricted stock awards		(44)		(89)		(106)		(132)
Adjusted net income	$	14,744	$	12,851	$	23,052	$	16,936
Denominator:
Weighted-average shares		25,671,535		25,724,550		25,699,306		25,779,166
Earnings per common share	$	0.57	$	0.50	$	0.90	$	0.66
Diluted
Numerator:
Net income	$	14,788	$	12,940	$	23,158	$	17,068
Effect of unvested restricted stock awards		(43)		(87)		(104)		(131)
Adjusted net income	$	14,745	$	12,853	$	23,054	$	16,937
Denominator:
Weighted-average shares		25,671,535		25,724,550		25,699,306		25,779,166
Effect of dilutive securities		721,824		486,974		674,076		484,566
Adjusted weighted-average shares and assumed conversions		26,393,359		26,211,524		26,373,382		26,263,732
Earnings per common share	$	0.56	$	0.49	$	0.87	$	0.64